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EconPulse

Local economy signal dashboard

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PLACEStable

Opa-Locka, FL

Stable overall. Federal Funds is the clearest support signal, while housing needs the most attention. Housing reads as strained for a median-income household.

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Overall score64out of 100
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85
60
60
40
100

Population

16,282

Data freshness

Unknown

GDP / Output

+6.6% YoY

85

$260.8B

Output changed +6.6% in 2024.

Vintage date unknown

State growth6.3%
U.S. growth5.3%

Jobs

Unemployment rate

60

4.1%

Unemployment is 4.1% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg4.3%

Population

+1.7% 5-year

60

16,282

Population moved +1.7% over the latest ACS window.

Vintage date unknown

State population22,416,077
U.S. population334,922,499

Housing

Rent share of income

40

43.2%

Median rent consumes 43.2% of median household income: Strained.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$9.3K per resident

100

$25.1B

$25.1B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$324.9B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$25.1B

$9.3K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Health and Human Services$11.4B
2. Social Security Administration$9.8B
3. Department of Housing and Urban Development$831.0M

Top recipients

Dollars
1. COUNTY OF MIAMI-DADE$528.5M
2. FLORIDA INTERNATIONAL UNIVERSITY$249.1M
3. STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION$222.4M

Strained

Housing Affordability

43.2%

of median income

1BR estimate$1,108
2BR estimate$1,459
Median income$37,532
Median home value$295,800

ACS context

Quick Facts

Population

16,282

Median age

34.8

Bachelor's degree+

7.9%

Poverty rate

29.7%

Labor force participation

54.6%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-16

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.3%

GDP CAGR

+9.3%

Federal flow

5 years

Population (5 years)
202016,008
202116,310
202216,230
202316,097
202416,282
GDP (5 years)
2020$167.4B
2021$194.1B
2022$223.3B
2023$244.8B
2024$260.8B

2-year linear forecast

Predictive Outlook

Population forecast

202416,282
202516,286 *
202616,319 *

R² = 17.0% · * projected

GDP forecast

2024$260.8B
2025$289.4B *
2026$313.1B *

R² = 98.8% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$37,532/yr
Median rent$1,351/mo
Rent share of income43.2%
Est. mortgage (30yr, 6.5%)$17,949/yr
Mortgage share of income47.8%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.1%
State avg4.8%
U.S. avg4.3%
Labor force participation54.6%
Poverty rate29.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$295,800
Median monthly rent$1,351
Price-to-rent ratio18.2x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score69/100
Economic growth85/100
Labor market60/100
Population momentum60/100
Overall stability64/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Opa-locka city, Florida

City/Town

Part of

Miami-Fort Lauderdale-West Palm Beach, FL

Nearby locations

Westview, FLWest Little River, FLPinewood, FLMiami Gardens, FLBiscayne Gardens, FL